US stock / ETF

Steel Dynamics, Inc.

STLD · NASDAQ · USD

1 monthBullish92%
Monthly Upside probability 92%Bullish

STLD 1M chart

EMA21EMA50Bollinger
----

Market View

Market Shift

Monthly: EMA8/21/50 are in bullish alignment

Confirmation Trigger

Hold above $103.17 and reclaim $288.74.

Invalidation Trigger

Lose $103.17 and MACD turns lower again.

Market Context

Trend PhaseBullish
Constructive Trend

Price is above EMA21

Monthly
Momentum StateBullish
Momentum improving

RSI 72.8, MACD 9.798

Monthly
Volatility EnvironmentBearish
High volatility

ATR is $30.55 (11.64%)

Monthly

EMA Structure

Bullish
EMA 8$226.14Bullish
EMA 21$185.51Bullish
EMA 50$142.08Bullish

Signals

CategoryReadStrength
Momentum
RSI 72.8 · MACD 9.798

Momentum is strong

Strength
Bullish
Volatility
ATR $30.55 · BB 111.21%

High volatility

Strength
Bearish
Volume
MFI 72.5 · OBV 41.62%

Relative to 20-period average volume

Strength
Bullish
Price Levels
$103.17 - $288.74

Support/Resistance Distance

Strength
Bullish

Key Levels

Upper risk zone

+21.66% · 1.9 ATR above latest close

$319.29
Nearest resistance

+10.02% · 0.9 ATR above · 34-bar high

$288.74
Current price

Price shown is delayed

$262.45
Nearest support

-60.69% · 5.2 ATR below · 34-bar low

$103.17
Deeper support zone

-72.33% · 6.2 ATR below latest close

$72.62
ATR zone

Latest close ± ATR14

$231.9 - $293

Indicators

Trend

Dow Theory Structure

Confirmation $288.74, invalidation $162.16

uptrend · HH/HLBullish
ADX / +DI / -DI (14)

Trend strength is active

38.6 / 39.5 / 8.0Bullish
Supertrend (10,3)

Price is above Supertrend

$152.82Bullish
Ichimoku Cloud

Cloud Span A / Span B

$210.7 / $175.59Bullish
Donchian Channel (20)

20-period breakout channel position

86%Bullish

Volatility

ATR (14)

High volatility

$30.55 (11.64%)Bearish
Bollinger Bands (20,2)

Width 111.21%

97%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$259.15 / $116.21Bearish
ATR channel lower / upper

Current Volatility Envelope

$231.9 / $293Bearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$288.74Range
Support

Nearest Downside Decision Level

$103.17Range

Momentum

RSI (14)

Momentum is strong

72.8Bullish
MACD (12,26,9)

Histogram is positive

9.798Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

84.4 / 75.7Bullish
Williams %R (14)

Overbought zone

-15.6Bearish
CCI (20)

Strong expansion

150.3Bullish
TD Sequential

Exhaustion setup is near completion

sell 13Bearish

Volume / Money Flow

MFI (14)

Money flow is strong

72.5Bullish
OBV slope

20-period OBV slope

41.62%Bullish
Volume ratio

Relative to 20-period average volume

0.19xBearish

Trend

Dow Theory Structure

Confirmation $288.74, invalidation $162.16

uptrend · HH/HLBullish
ADX / +DI / -DI (14)

Trend strength is active

38.6 / 39.5 / 8.0Bullish
Supertrend (10,3)

Price is above Supertrend

$152.82Bullish
Ichimoku Cloud

Cloud Span A / Span B

$210.7 / $175.59Bullish
Donchian Channel (20)

20-period breakout channel position

86%Bullish

Momentum

RSI (14)

Momentum is strong

72.8Bullish
MACD (12,26,9)

Histogram is positive

9.798Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

84.4 / 75.7Bullish
Williams %R (14)

Overbought zone

-15.6Bearish
CCI (20)

Strong expansion

150.3Bullish
TD Sequential

Exhaustion setup is near completion

sell 13Bearish

Volatility

ATR (14)

High volatility

$30.55 (11.64%)Bearish
Bollinger Bands (20,2)

Width 111.21%

97%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$259.15 / $116.21Bearish
ATR channel lower / upper

Current Volatility Envelope

$231.9 / $293Bearish

Volume / Money Flow

MFI (14)

Money flow is strong

72.5Bullish
OBV slope

20-period OBV slope

41.62%Bullish
Volume ratio

Relative to 20-period average volume

0.19xBearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$288.74Range
Support

Nearest Downside Decision Level

$103.17Range

Related Forecasts